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The latest update is out from ESS Tech ( (GWH) ).
On January 6, 2026, ESS Tech, Inc. announced a broad leadership reshuffle effective January 1, 2026, appointing former Head of Capital Markets Strategy Drew Buckley as chief executive officer, elevating interim CEO Kelly Goodman to chief strategy officer and general counsel, and naming interim CFO Kate Suhadolnik as permanent chief financial officer. Buckley, a former William Blair partner with nearly two decades of experience investing in small- and mid-cap technology companies, signed an employment agreement that includes a $425,000 base salary, performance-based cash bonus eligibility and options on 550,000 shares, reflecting the board’s emphasis on capital discipline, investor credibility and equity-linked incentives as ESS moves into manufacturing and delivery of its first Energy Base projects and broader commercialization. Goodman, an energy-sector legal veteran who previously advanced key customer programs and secured a 50 MWh Energy Base pilot agreement with Salt River Project while serving as interim CEO, will oversee corporate strategy and legal affairs with an increased base salary and heightened bonus opportunity, while Suhadolnik’s confirmation as CFO, alongside a higher base salary and performance-linked bonus, consolidates financial leadership after she steered the company through a recent $40 million financing, signaling a bid to stabilize the executive team and strengthen execution as ESS scales operations and deepens strategic partnerships.
The most recent analyst rating on (GWH) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.
Spark’s Take on GWH Stock
According to Spark, TipRanks’ AI Analyst, GWH is a Neutral.
ESS Tech’s overall stock score is primarily impacted by its poor financial performance, with negative margins and declining revenue. Technical analysis and valuation further reflect bearish sentiment and unprofitability. While recent corporate events and strategic advancements offer some positive outlook, they are insufficient to offset the significant financial challenges.
To see Spark’s full report on GWH stock, click here.
More about ESS Tech
ESS Tech, Inc. (NYSE: GWH), based in Wilsonville, Oregon, is a leading manufacturer of long-duration iron flow energy storage systems for commercial and utility-scale applications. Founded in 2011, the company focuses on enabling secure, reliable and resilient energy infrastructure through sustainable storage solutions that use abundant materials such as iron, salt and water, allowing customers to meet rising power demand and maximize the value of excess energy as part of the broader decarbonization push.
Average Trading Volume: 9,193,204
Technical Sentiment Signal: Sell
Current Market Cap: $38.25M
Find detailed analytics on GWH stock on TipRanks’ Stock Analysis page.